Jordan : : Staff Report for the 2014 Article IV Consultation, Third and Fourth Reviews Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criterion and Applicability of Performance Criteria

• Record Nr.: UNINA9910791146903321
• Pubbl/distr/stampa: Washington, D.C. : , : International Monetary Fund, , 2014
• ISBN: 1-4983-2294-8; 1-4983-9464-7; 1-4983-6742-9
• Descrizione fisica: 1 online resource (111 p.)
• Collana: IMF Staff Country Reports
• Disciplina: 330.95695
• Soggetti: Investments - Government policy - Jordan; Investments, Foreign - Government policy - Jordan; Investments, Foreign - Jordan; Banks and Banking; Exports and Imports; Finance: General; Macroeconomics; Public Finance; Debt; Debt Management; Sovereign Debt; Banks; Depository Institutions; Micro Finance Institutions; Mortgages; Current Account Adjustment; Short-term Capital Movements; International Lending and Debt Problems; Fiscal Policy; Taxation, Subsidies, and Revenue: General; Public finance & taxation; International economics; Banking; Finance; Financial services law & regulation; Public debt; Government debt management; Current account; External debt; Revenue administration; Public financial management (PFM); Balance of payments; Debts, Public; Banks and banking; Debts, External; Fiscal policy; Revenue; Jordan Economic conditions; Jordan Economic policy; Jordan
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di contenuto: Cover; CONTENTS; BACKGROUND; A. Strong Headwinds; B. Program Implementation; POLICY DISCUSSION-SAFEGUARDING EXTERNAL STABILITY WHILE MANAGING RISKS; A. Policy Theme 1-Maintaining the Momentum on Fiscal Reforms; B. Policy Theme 2-Preserving Buffers and Financial Stability; C. Policy Theme 3-Inclusive Growth and Job Creation; PROGRAM ISSUES; A. Agreements; B. Modalities; STAFF APPRAISAL; FIGURES; 1. Real Sector and Financial Markets, 2011-14; 2. Monetary Sector Developments, 2011-14; BOXES; 1. Macroeconomic Impact of the Syria Crisis; 2. Exchange Rate Assessment; 3. Jordan's Interconnectedness; 4. Water Strategy5. Bank Offshore Exposures; 6. Impediments to Growth; 7. Credit to the Economy; 8. Risk Assessment Matrix; TABLES; 1. Selected Economic Indicators and Macroeconomic Outlook, 2012-19; 2a. Central Government: Summary of Fiscal Operations, 2012-19 (In millions of Jordanian dinars); 2b. Central Government: Summary of Fiscal Operations, 2012-19 (In percent of GDP); 2c. Central Government: Summary of Quarterly Fiscal Operations, 2013-15; 2d. NEPCO Operating Balance and Financing, 2012-17; 3. Summary Balance of Payments, 2012-19; 4a. Summary Monetary Survey, 2012-15; 4b. Summary Accounts of the Central Bank of Jordan, 2012-155. Indicators of Bank Soundness, 2005-13; 6. Access and Phasing Under the Stand-by Arrangement; 7. Indicators of Fund Credit 2013-20; 8. Capacity to Repay Indicators, 2013-19; ANNEXES; I. Public Debt Sustainability Analysis; II. External Debt Sustainability Analysis; APPENDIX; I. Letter of Intent; Attachment I. Memorandum of Economic and Financial Policies; Attachment II. Technical Memorandum of Understanding (TMU); CONTENTS; FUND RELATIONS; WORLD BANK GROUP STRATEGY AND OPERATIONS; STATISTICAL ISSUES
• Sommario/riassunto: This paper focuses on Jordan’s 2014 Article IV Consultation, Third and Fourth Reviews Under the Stand-By Arrangement (SBA), Request for Waivers of Nonobservance of Performance Criterion (PC) and Applicability of PCs. The program is broadly on track and, looking ; forward, will focus on deep tax reform. All end-2013 targets were met. The central government is expected to meet its end-March 2014 target, but the combined public sector deficit will be missed because of temporary shortfalls in gas delivery from Egypt. International reserves have continued to over-perform through March. The IMF staff supports the completion of the third and fourth reviews.